Web Services Is Organized as a Limited Partnership, with David

question 73

Multiple Choice

Web Services is organized as a limited partnership, with David White as one of its partners. David's capital account began the year with a balance of $45,000. During the year, David's share of the partnership income was $7,500, and David received $4,000 in distributions from the partnership. What is David's partner return on equity?

• A) 7.8%
• B) 8.9%
• C) 15.4%
• D) 16.0%
• E) 16.7%

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Definitions:

US

Refers to the United States, a country located primarily in North America.

Contiguous

Adjacent or sharing a common border; physically touching or next to each other.

Fear Conditioning

A learning process where an individual associates a previously neutral stimulus with an aversive event, leading to the elicitation of a fear response to the neutral stimulus.

Fearful Anticipation

The preoccupation or worry over a potential future event that might result in negative outcomes.